SoftBank looks to raise about $550 million through two more SPACs

FILE PHOTO: SoftBank Corp’s logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon(Reuters) – Two blank-check firms backed by SoftBank Group Corp are aiming to raise a total of about $550 million in their initial public offerings, regulatory filings showed on Friday. Special purpose acquisition company (SPAC) SVF Investment… Continue reading SoftBank looks to raise about $550 million through two more SPACs

Industrial stocks are on a tear. Two market analysts break down how to capitalize on the rally

Industrial stocks got a boost this week as investors grew more optimistic about the prospects of the economy reopening. The Industrial Select Sector SPDR Fund (XLI) is up 5% week to date, climbing alongside the broader market. The S&P 500 has gained about 4.5% over that time period. With a possible federal infrastructure plan on… Continue reading Industrial stocks are on a tear. Two market analysts break down how to capitalize on the rally

Rothschild Investment Corporation increases stake in GBTC as institutional adoption grows

Rothschild Investment Corporation, a leading Chicago-based financial institution founded in 1908, has invested heavily in Grayscale’s Bitcoin Trust, according to a Monday morning filing with the United States Securities and Exchange Commission, or SEC. Rothschild reported owning 30,454 shares of GBTC as of Dec. 31, 2020, according to Form 13F-HR, also known as the institutional… Continue reading Rothschild Investment Corporation increases stake in GBTC as institutional adoption grows

Bitwise dumps XRP investment amid SEC lawsuit against Ripple

Bitwise Asset Management, one of the largest crypto fund managers, has fully divested from XRP amid the regulatory backlash against Ripple.  In an official press release, Bitwise announced Wednesday that its position in XRP has been liquidated because its fund “does not invest in assets that are reasonably likely to be deemed securities under federal… Continue reading Bitwise dumps XRP investment amid SEC lawsuit against Ripple

The Pandemic Is Not Stopping the Expansion of Forte_Forte

MILAN — Italian advanced contemporary women’s wear label Forte_Forte is not holding back on the plans for expansion set in motion in 2018 and is still on a growth trajectory despite the challenges of the pandemic. The company as a clear path ahead marked by the optimism of the team and Roberta Benaglia, chief executive officer… Continue reading The Pandemic Is Not Stopping the Expansion of Forte_Forte

Calvin Ayre closes investment in Bitcoin SV Experiential Reality (XR) company Transmira

Raleigh, NC – December 17, 2020 – Transmira, Inc., the Raleigh-based start-up company pioneering Experiential Reality (XR) technology, today announces that it has closed an investment from noted technology entrepreneur, Calvin Ayre – founder of venture capital firm, Ayre Group Ventures and blockchain conglomerate, CoinGeek. The investment will be used to support the growth of… Continue reading Calvin Ayre closes investment in Bitcoin SV Experiential Reality (XR) company Transmira

Volatile bitcoin not yet a store of value: Fidelity digital assets boss

FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. REUTERS/Dado Ruvic(Reuters) – Bitcoin is still too volatile to act as a true store of value, though investors hope it will assume that role, the head of the digital assets arm of… Continue reading Volatile bitcoin not yet a store of value: Fidelity digital assets boss

Emerging market resurgence carries relapse risk

LONDON/Bengaluru (Reuters) – After several lean years for emerging markets, fund managers are bullish again on the asset class, expecting it to benefit in a post-pandemic world of improving economic growth and a frantic hunt for higher-yielding investments. Many investors remain wary of course — after all emerging equities have trundled behind developed peers every… Continue reading Emerging market resurgence carries relapse risk

Hedge fund veteran launches impact firm with former Jana, BlackRock executives

BOSTON, Dec 1 (Reuters) – Hedge fund industry veteran Chris James, who co-founded technology oriented Andor Capital nearly two decades ago, is launching a new firm that will focus on impact investing at a time these types of portfolios are delivering strong returns. San Francisco-based Engine No. 1, named with a nod to one of… Continue reading Hedge fund veteran launches impact firm with former Jana, BlackRock executives

Critics see gap in BlackRock's climate rhetoric and record

NEW YORK (AFP) – BlackRock, the world’s biggest money manager, made headlines early this year when it pledged to prioritise climate change in its investments and pare down its coal holdings. But environmentalists say the company has failed to make good on this promise in a series of shareholder proposals at annual meetings this year.… Continue reading Critics see gap in BlackRock's climate rhetoric and record

Dutch asset manager Robeco cuts fossil fuels from all its funds

LONDON (Reuters) – Dutch asset manager Robeco is excluding investments in thermal coal, oil sands and Arctic drilling from all its mutual funds, it said on Thursday, joining other investors in cutting their exposure to fossil fuels. Companies that derive 25% or more of their revenues from thermal coal or oil sands, or 10% or… Continue reading Dutch asset manager Robeco cuts fossil fuels from all its funds

KKR to invest $755 million in retail arm of Reliance

NEW DELHI (Reuters) – Private equity firm KKR & Co Inc will invest $755 million in the retail unit of Reliance Industries Ltd, the Indian conglomerate said on Wednesday, bringing the total funding in Reliance Retail to $1.78 billion within a month.FILE PHOTO: A bird flies past a Reliance Industries sign in Ahmedabad, India, January… Continue reading KKR to invest $755 million in retail arm of Reliance

How to Choose Which Altcoin to Invest In?

The emergence and growth of the popularity of the alternative currency Bitcoin has led to the creation of many other cryptocurrencies based on Bitcoin Blockchain code. All these cryptocurrency have the generic name – Altcoins. All who wish to deal with cryptocurrency need to know that there are more promising coins which offer their own… Continue reading How to Choose Which Altcoin to Invest In?

ONGX Digital Investment Opportunity Tokenized Ownership of Pharmaceutical Facility Listed on HOBIT.io Exchange

San Diego, September 1, 2020, OncoGenerix.io, and OGInvest Limited have announced that the ONGX Token will be tradable via the Hobit.io exchange. The ONGX Tokens are built on the ERC20 blockchain protocol, serve as a SAFE (which stands for “simple agreement for future equity”), and will be exchangeable at the option of the investor for… Continue reading ONGX Digital Investment Opportunity Tokenized Ownership of Pharmaceutical Facility Listed on HOBIT.io Exchange

Crypto-Enabled Investment App eToro Gets Ready to Issue Debit Cards in UK

The crypto-enabled investment app eToro is set to launch its debit card in the United Kingdom as it acquired Marq Millions Ltd, a licensed e-money business holding a principal Visa membership. As reported by TechCrunch on July 29, eToro “acqui-hired” Marq Millions Ltd., a U.K.-based e-money provider for an undisclosed sum. The company will now… Continue reading Crypto-Enabled Investment App eToro Gets Ready to Issue Debit Cards in UK

Investment Analyst at Pantera Capital (San Francisco, California, US) – Blockchain News, Opinion, TV and Jobs

Pantera Capital ( www.panteracapital.com ) is one of the oldest and largest institutional investors in blockchain and cryptocurrencies. Pantera Capital…Pantera Capital ( www.panteracapital.com ) is one of the oldest and largest institutional investors in blockchain and cryptocurrencies. Pantera Capital…Read More Source: Read Full Article

Investment Firm Launches SEC-Registered Fund Built on the Ethereum Blockchain ⋆ ZyCrypto

The Arca US Treasury Fund just began selling shares of an Ethereum-based fund that is approved by the SEC. The Ethereum community is definitely excited about the news, but some are wondering why it’s not picking up steam as a major story. An Ethereum enthusiast Alex Fisher noted the importance of the news. Huge #Ethereum… Continue reading Investment Firm Launches SEC-Registered Fund Built on the Ethereum Blockchain ⋆ ZyCrypto

Carlyle buys 20% stake in Piramal Pharma businesses

(Reuters) – U.S.-based Carlyle Group Inc has agreed to buy a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises Ltd for about $490 million, the companies said in a statement on Saturday. Piramal Pharma will use the capital injection to accelerate its organic and inorganic growth plans, the statement said. The investment… Continue reading Carlyle buys 20% stake in Piramal Pharma businesses

Investment Guru Jim Rogers: The Value of Bitcoin Will Drop to Zero

The investment guru who said Bitcoin was in a bubble as early as 2017 recently speculated that all cryptocurrencies will be gone eventually. In an interview with the Asahi publication AERA dot on Friday, investor Jim Rogers said cryptocurrencies including Bitcoin (BTC) “will be in decline eventually and everything will go to zero.” “Those who… Continue reading Investment Guru Jim Rogers: The Value of Bitcoin Will Drop to Zero

Luckin scandal ripple effect prompts chairman-backed firm to seek cash: sources

HONG KONG/BEIJING (Reuters) – A company linked to China’s scandal-hit Luckin Coffee Inc (LK.O) is seeking fresh capital, sources said, highlighting the ripple effect of Luckin’s fabricated transactions as the chairman of both firms scrambles to avoid a cash crunch. UCAR Inc, founded by Charles Zhengyao Lu, is looking to sell its limited partner (LP)… Continue reading Luckin scandal ripple effect prompts chairman-backed firm to seek cash: sources

Largest Private Investment Bank in Latin America Issues Real Estate Tokens on Tezos

Banco BTG Pactual is issuing its security tokens representing investment in real estate on the Tezos (XTZ) blockchain. Previously, the bank had issued its ReitBZ tokens on the Ethereum blockchain, raising $10 million in Ether (ETH) and Gemini Dollars (GUSD). Which blockchain will prevail in the future? Andre Portilho, head of digital assets at BTG… Continue reading Largest Private Investment Bank in Latin America Issues Real Estate Tokens on Tezos

Crypto Investment Advisory Firm Ranks Halving Scenarios

On May 4, CoinShares Research put out its ranking of the likelihood of various halving scenarios as well as their potential impact on the industry. Bitcoin (BTC) halving has captivated the imagination of the crypto industry and there is no lack of outlandish predictions forecasting anything from the death spiral that will destroy the Bitcoin… Continue reading Crypto Investment Advisory Firm Ranks Halving Scenarios

Brazil's Rio at mercy of Pimco, Dodge & Cox as oil cash dries up

RIO DE JANEIRO (Reuters) – Already grappling with one of Brazil’s most severe outbreaks of the novel coronavirus and a budget deep in the red, Rio de Janeiro state faces a potential threat to its solvency at the hands of investment giants PIMCO and Dodge & Cox. The U.S. asset managers have the right to… Continue reading Brazil's Rio at mercy of Pimco, Dodge & Cox as oil cash dries up

The Whales Who Accumulated Bitcoin in 2018 are Hodling

More than 15% of the existing Bitcoin (BTC) supply has not moved in 12 to 18 months. This confirms that the second half of 2018 was an accumulation season, as much of the BTC acquired during that period has not moved since.  According to Unchained Capital’s ‘Hodlwaves’, which determines the velocity of Bitcoins circulated by… Continue reading The Whales Who Accumulated Bitcoin in 2018 are Hodling